A while back, President Obama gave a speech about the minimum wage. Then Pope Francis did his thing. Add a dash of social media, a community with (apparently) very wide-ranging economic views, and stir. Voila, you have me with opinions.
Over the next couple of weeks, I’m hoping to tease out my two main difficulties with defenses of capitalism. The first is the Darwinian language used to describe the operation of capitalism and the way that market forces ensure the survival of the “best” businesses. The second is the use of “two-consenting-adults” language to defend agreements, especially between laborers and employers. A third area of difficulty, not directly related to the language used in defending capitalism, is a common assumption that man is an entirely rational creature – an assumption which frequently ignores the power of advertising to sway consumer in ways that are contrary to their good. Finally, I’ll make a couple suggestions. It’s not fair to criticize without offering something of your own now, is it?